October 28, 2019

GiBLI is honoured to be accepted into Propel Incite Phase II

Propel announces biggest Incite cohort yet with 32 companies.

Propel is thrilled to announce their biggest Incite cohort yet as 32 companies have been hand-selected for Phase 2.

Incite is Propel’s virtual accelerator for early-stage tech companies.  Through the program, companies are matched with a dedicated coach who cares about the progress of their business and they also gain access to mentors and experts from around the world.

The selection team spent weeks meeting with the top startups in the region and narrowed down the selection based on submitted work outlining the current stage of their company and an interview.

The chosen companies span Atlantic Canada.  Seven of the companies are from New Brunswick, nine from Newfoundland, 11 from Nova Scotia and four from PEI.  There is also one company from Quebec.

“We are extremely pleased with the companies we’ve chosen for this cohort,” said Barry Bisson, CEO of Propel.  “The momentum of Incite is building and we are thrilled that a number of the companies were referred to us by our alumni.  We are confident this cohort boasts many of the most promising startups in our region and we cannot wait to work with them.”

Phase 2 of Incite, which runs seven months, focuses on accelerating sales by building a scalable and repeatable sales process using the GrowthX methodology for market development.  GrowthX is a Silicon Valley based partnership that works with startups, companies and countries to help them commercialize innovation. It was founded by Max Menke, Will Bunker, Sean Sheppard and Andrew Goldner – all four are pioneers in the Silicon Valley startup ecosystem and influential around the world.

Propel has regional exclusivity agreements to use GrowthX’s programming.

The program is centered around an online learning platform so companies can access the content as they need it.

Companies enrolled in Phase 2 also have a variety of funding opportunities including a $50K SAFE investment from NBIF and Innovacorp, $25K cash prize with an additional $30k investment for the winner of the Gerry Pond Sales Award, and an investment readiness workshop.  Propel will also host an investor only demo day for Phase 2 companies in spring 2020.

Mark Ernsting